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Angus Gold Completes Private Placement, including a Strategic Investment by Wesdome Gold Mines

Feb 12, 2024•almost 2 years ago

Amount Raised

$4.64 Million

Round Type

seed

TorontoMining

Investors

Wesdome Gold Mines Ltd.

Description

Angus Gold Inc. completes a non-brokered flow-through private placement, raising a total of C$4,640,000 through the issuance of 5,800,000 charity flow-through units at a price of C$0.80 per unit. The strategic investment was made by Wesdome Gold Mines Ltd., acquiring all the flow-through units issued. The funding will be used to fund the Company’s exploration programs at the Golden Sky project in Ontario.

Company Information

Company

Angus Gold

Location

Toronto, Ontario, Canada

About

Angus Gold is a Canadian gold exploration company with a 267-square-kilometres land package located in north-central Ontario approximately 50 kilometres west of the town of Wawa and lies between Wesdome Gold Mines’ two producing mines.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers